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Updated over 8 years ago,

User Stats

8
Posts
4
Votes
Jesse Tegtmeier
  • Investor
  • Elberta, AL
4
Votes |
8
Posts

My one true real estate investment deal was a great success

Jesse Tegtmeier
  • Investor
  • Elberta, AL
Posted

The only true real estate investment I've completed (all other real estate was primary homes) went something like this.

Small 3/2 modular home on half acre. Purchased for 60k, invested 11k, totally rehabbing the house, looked like brand new. Rented it for positive cash flow for 2 years. Due to other life situations it was time to cash out, the market was down, year 2009, sold the place for 93k. Total profits including rental cash flow was approximately 25k.

I wanna do more!!!

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